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National Collegiate Student Loan Trust Case Inside Look of Mock

In 2007, Casondra Mock, a Texas resident, borrowed about $20,000 from Union Federal Savings Bank, a Rhode Island institution, to finance her studies at the University of Houston at Clear Lake. The interest rate was high–almost 14 percent. Under the terms of the loan, Mock would begin paying $339 a month beginning in December 2009 …

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Perfect Example Why Most National Collegiate Student Loan Lawsuits Are BS

I’ve written many times about the problems with National Collegiate Student Loan Trust and their crappy loan documentation. Click here to look at the archives. It is sickening to see the alerts every day of people being sued by NCSLT who probably never appear in court and lose by default. But I’m hearing from more …

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Wall Street Wants to Keep You Saddled With Crappy National Collegiate Student Loan Trust Student Loans

Dumpsters of National Collegiate Student Loan Trust loans are sitting out in the real world that consumers are being sued over or have been sued over. The only problem is a sh** load of them are total garbage and not legally enforceable. Vantage Capital Group LLC, which controls the National Collegiate trusts, reached a deal …

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Major Win for Consumers Against National Collegiate Student Loan Trust is On Hold

Attorney Richard Gaudreau sent me this timely guest post on the horrible National Collegiate Student Loan Trust mess. This has to be one of the classic debt situations that has no winners on any side. Student loan debtors are being sued and losing because they don’t fight back against creditors going after them for loans …

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CFPB Sues National Collegiate Student Loan Trust and Enters Into Proposed Judgment

Interest rate negotiation can result in a lower interest rate than you are paying now.

The Consumer Financial Protection Bureau (CFPB) has filed suit against National Collegiate Student Loan Trust (NCSLT). Thank goodness. Those student loans were an utter mess. The CFPB alleges NCSLT engaged in activities to support their lawsuits and those suits lacked critical information to be valid. On September 18, 2017 NCSLT and the CFPB submitted to …

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National Collegiate Student Loan Trust Debtors Could be on Verge of CFPB Victory to Help

National Collegiate Student Loan Trust (NCSLT) student loans have been among the most rediculous student loans out there. They suffer from a lack of documentation like failed subprime mortgages did and yet consumers are getting sued and losing over these loans every day. Consumers stick their heads in the sand when they get sued over …

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National Collegiate Student Loan Trust Settles Loans for 39% of Balance

Interest rate negotiation can result in a lower interest rate than you are paying now.

A case out of California by attorney Greg Fitzgerald’s firm Fitzgerald & Campbell caught my eye. In this case NCSLT settled a $38,918 debt for $15,200 and allowed payment interest free over 9.5 years. It always amazes me the number of time NCSLT sues consumers over debts only to have people give up and lose …

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I’m Getting Sued by National Collegiate Trust and I Don’t Know What to Do

Question: Dear Steve, I’m being sued by National Collegiate Trust for $6345 and I don’t have a clue which loan this is in regards to or even the original guarantor for that matter. What are my options, rights in regards to this lawsuit? How can find out if this is legitimate? Answer: Dear Ann, I …

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My Father Cosigned for My Private Student Loans and I Need Help

Question: Dear Steve, I owe north of $125,000 in private student loan debt all, $35,000 of which is accrued interest from deferment and the so-called “modified graduated payment plan” I had to apply for when I didn’t get any sort of job right out of college. All of these loans have been co-signed by my …

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